Itaconix (LON:ITX) Trading 6.4% Higher – Here’s What Happened

Itaconix plc (LON:ITX) was up 6.4% during trading on Friday . The company traded as high as GBX 114.40 and last traded at GBX 114.40. Approximately 5,500 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 8,505 shares. The stock had previously closed at GBX 107.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 325 price target on shares of Itaconix in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Itaconix currently has an average rating of “Buy” and a consensus target price of GBX 325.

Itaconix Price Performance

The stock has a market cap of £15.43 million, a price-to-earnings ratio of -10.59 and a beta of 1.74. The company’s 50 day moving average is GBX 113.54 and its 200 day moving average is GBX 118.05. The company has a debt-to-equity ratio of 20.71, a current ratio of 6.34 and a quick ratio of 0.52.

Itaconix Company Profile

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.